One way to help yourself decide whether to put money to work in the beaten-down financial sector is to see how its individual stocks are rated by analytical firms. I did exactly that in yesterday’s note to Kelly Letter subscribers. I looked at Morningstar’s analysis of the top ten components of the Dow Jones U.S. Financials index.
With the news around subprime, capital raising, write-downs, the still struggling housing sector, and stagflation being so bleak, you might be surprised at the results.
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